Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
North Carolina House, Senate Agree on Beach Plan Insurance Bill
Aug 6 2009 // The North Carolina General Assembly has approved a bill to reform the state’s coastal insurance system that caps private insurers’ liability for any funding shortfall in the state-backed Beach Plan, reduces...
Ironshore Creates Global Energy Property Unit
Aug 3 2009 // Ironshore Inc. has established a dedicated Global Energy Property business, as an extension of its Global Property division. Ironshore will underwrite comprehensive coverages on commercial risks across virtually all...
As Homeowners Unable to Sell Become Landlords, Insurance Needs Change
Aug 3 2009 // As more homeowners are having trouble selling their homes in today’s real estate market, some are thinking about becoming landlords. A growing number of homeowners who need to relocate for a job or other reason are...
Private Role
Aug 3 2009 // The property/casualty insurance industry, whose employees do their share of volunteer work and whose financial contributions support many charities, occasionally finds itself involved involuntarily in efforts to improve...
People
Aug 3 2009 // The Insurance Council of Texas recently presented William H. “Bill” Huff, vice president of Regulatory Affairs for Affirmative Insurance, with the Raymond Mauk Leadership Award. Huff is the 12th recipient of...
Top 100 Property Casualty Independent Agencies
Aug 3 2009 // About This Report: The economy, soft market and industry consolidations continued to shake up the nation’s leading independent insurance agencies in 2008. Still, nearly half, or 45 percent, of the privately-owned...
Top 100 Privately-Held Property/Casualty Agencies
Aug 3 2009 // Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C...
Three Homeowners’ Policy Gaps That Sell
Aug 3 2009 // Skillful introduction and explanation of the following three “common” coverage gaps will likely result in the addition of a new homeowners’ client. Further, each of the three listed gaps is easily closed...
How to Help Clients Work Through the Challenges of Business Bankruptcy
Jul 30 2009 // Bankruptcy. It’s a word agents and brokers will need to get used to hearing from their business clients. It’s not just occurring on Wall Street; it’s happening every day on Main Streets across the country...
Texas Enacts Windstorm Insurance Reforms; Will They Be Enough?
Jul 30 2009 // During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB...
Continental Risk Offers Commercial Property Market
Jul 29 2009 // Continental Risk of Lodi, Calif., is offering a market for commercial properties for 10 or more dwellings with no maximum number. Rental, seasonal, or vacant dwellings are acceptable. Coverages include: 1) building; 2)...
Challenges to Anti-Concurrent Cause Clauses Linger in Katrina Lawsuits
Jul 27 2009 // Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of state and federal courts in Louisiana and Mississippi. Almost four years after the fact, those courts...
Revaluations Shock Some North Carolina Property Owners
Jul 27 2009 // Jack Crews is watching his neighborhood on the south side of Kernersville change from fields and houses to offices and businesses. But he still got a shock when he got his revaluation notice earlier this year. His property...
Chartis’ Moor Maps Out 20% Sale, Other Steps in Separating from AIG
Jul 27 2009 // Bailed-out insurer American International Group Inc. rebranded its property/ casualty business under the name Chartis Monday and said it would put the equity for the division into a separate company — key steps...
Johnson, Mowinski Named Midwest VPs for Torus Insurance
Jul 27 2009 // Global specialty insurer Torus Insurance has appointed Dennis Johnson and Mark Mowinski as vice presidents and senior property underwriters, responsible for underwriting in the Midwestern U.S. They will both report to...
West Virginia Insurers Fight City Over Forced Debris Removal Escrow Account
Jul 21 2009 // Property insurance companies in West Virginia are finding themselves caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city...
Florida’s Citizens Rate Hikes Fall Short of Industry Hopes
Jul 20 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Further Challenges to Anti-Concurrent Cause Clauses
Jul 20 2009 // Hurricane Katrina brought the question of the validity and applicability of ACCs to the forefront. Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of...
Property/Casualty Industry’s Earnings Down 87% in Q1
Jul 20 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009, according to A.M. Best. “The year-over-year decline in earnings was due primarily to the...
San Diego Chartered Property Casualty Underwriters Society Installs Officers
Jul 15 2009 // The San Diego Chapter of the Chartered Property Casualty Underwriters (CPCU) Society installed new 2009-2010 officers and directors. Officers include: President Tyler Hamilton of Alliant Specialty Insurance Services;...
